Economy News

Economy

AI-Generated Fake Resignation Letter of Fed Chair Jerome Powell Sparks Controversy on X

A fake resignation letter from Federal Reserve Chair Jerome Powell to President Trump, suspected to be AI-generated, circulated on X, sparking debates and shares among politicians ...

Economy

Trump Announces Historic Trade Deal: Indonesia to Slash Tariffs on US Goods, Faces 19% Levy in Return

President Trump announces a sweeping trade agreement with Indonesia, eliminating 99% of Indonesian tariffs on US goods while imposing a 19% tariff on Indonesian exports to the US, ...

Economy

Goldman Sachs Warns: Trump's Tariff Policies Could Skyrocket U.S. Inflation to 3.3% by 2025

Goldman Sachs warns that Trump's tariff policies could lead to a 15% effective rate on reciprocal tariffs, pushing PCE inflation to 3.3% by 2025, with economic growth slowing to 1....

Economy

Janet Yellen Criticizes Trump's Fed Pressure, Warns of Economic Risks

Janet Yellen warns that Trump's pressure on the Fed for rate cuts could harm the economy, stressing the need for the central bank's independence and fact-based decision-making.

Economy

Malaysia Set to Introduce 3 Exciting New Durian Varieties, Expanding Its Rich Collection Beyond 200

Malaysia is testing new durian hybrids and rebranding the MS88 variety for export, amidst challenges from changing weather patterns. The country's rich diversity of over 200 durian...

Economy

ECB Reports No Change in Credit Standards for Eurozone Companies Amid Global Uncertainties

The ECB's latest survey shows unchanged credit standards for Eurozone companies in Q2 2025, with slight tightening for household loans and more for consumer credit, driven by risk ...

Economy

Global Trade Uncertainty Steepens UK Yield Curve, Says Bank of England Governor Andrew Bailey

Bank of England Governor Andrew Bailey discusses the alignment of the UK's yield curve with global trends, attributing steepening curves to trade policy uncertainty and its broader...

Economy

South Korea and U.S. Set for Crucial '2+2' Tariff Negotiations on July 25 Amid Trade Tensions

South Korea and the U.S. are preparing for a critical '2+2' tariff meeting on July 25, with high-level officials from both sides discussing trade strategies to protect national int...